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Dec 27, 2012
12/12
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don't worry, the government will take care of you. we will explain coming up next gerri: retailers are experiencing their worst holiday performance since the 2008 financial crisis. but is it too late to count retailers out? could post holiday discounts have retailers and shoppers spurting? let's ask founder america's research group, president and chief economist. whathappened with retail sales? we were expecting a 3% gain year-to-year, not falling off a cliff. what happened? >> well, i predicted sales would be up about 1.8%. number 150% of consumers, they are only going to shop and buy when there are big bargains. they were going to shop on black friday, wait three days bore christmas, and finally, 74% of consumers will avoid credit cards as much as possible. in doing that, they had to live on their check. gerri: at 1.8%, that is a little bit betterhan what went wrong. >> keep in mind that is store sales numbers. when the consumers did not do credit cards this year,, keep in mind only 75% went christmas shopping for 25% wanted to see
don't worry, the government will take care of you. we will explain coming up next gerri: retailers are experiencing their worst holiday performance since the 2008 financial crisis. but is it too late to count retailers out? could post holiday discounts have retailers and shoppers spurting? let's ask founder america's research group, president and chief economist. whathappened with retail sales? we were expecting a 3% gain year-to-year, not falling off a cliff. what happened? >> well, i...
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Dec 26, 2012
12/12
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now the government says he can you can only take $2500 out. gerri: they are also limiting what you can spend on. >> that's right. gerri: i want each one of the issue issues here. middle-class people, everyone says, oh, this isn't going to hit me. but you say it well. the sales tax on medical devices. using that to become a big problem? >> that could become a major problem. stryker already announced that it will lay off a thousand people in 2013. there are approximately 400,000 people in the medical device industry, that impact 2 million manufacturing jobs. granted, they are a conservative think tank. but if they are off by 50%, they predict that there will be 43,000 jobs lost as a result of this tax. in the middle class and the working class will pay for this tax to increase premiums. gerri: we don't know what's coming, and i think the price tag on this whole thing is only going to go up and come out of our pockets. thank you for coming on tonight. we greatly appreciate it. gerri: merry christmas and happy new year. >> happy new year to you as
now the government says he can you can only take $2500 out. gerri: they are also limiting what you can spend on. >> that's right. gerri: i want each one of the issue issues here. middle-class people, everyone says, oh, this isn't going to hit me. but you say it well. the sales tax on medical devices. using that to become a big problem? >> that could become a major problem. stryker already announced that it will lay off a thousand people in 2013. there are approximately 400,000...
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Dec 30, 2012
12/12
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making home affordable is a free government program. call now to talk one on one with a housing expert about the options that are right for you. real help, real answers right now. gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get thi done. it's the right thing to do for our families and our businesses and for our entire economy. but for iediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, they left their work until the last minute. including the 800 billion-dollar fiscal cliff that we have been
making home affordable is a free government program. call now to talk one on one with a housing expert about the options that are right for you. real help, real answers right now. gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get thi done. it's the right thing to do for our families and our businesses and for our entire...
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Dec 25, 2012
12/12
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government government involved. the feds are no good at picking what technologies regular americans are going to glom on to. did the department of energy create amazon.com so people would save gas driving to the mall? no, they did not. did the post office invent skype so people could get in touch more inexpensively? no, they did not. breakthrough products invented by private companies. let's stick to cars since that's where we started. model t, 104 years ago the nation's first touring vehicle was first produced on an assembly line. henry ford said his car was for the great multitude and how 16.5 million model-ts were eventually sold. 16 1/2. how about the biggest selling american made vehicle ever, ford f-series, trucks. amazing 35 million of those were sold since the trucks were introduced way back in 1948 and it is ranked as the number one selling vehicle in the u.s. for 24 years. and now, you can trick them out just like a sedan with tv screens, high-tech sound systems, even back seats. but none of this, none of
government government involved. the feds are no good at picking what technologies regular americans are going to glom on to. did the department of energy create amazon.com so people would save gas driving to the mall? no, they did not. did the post office invent skype so people could get in touch more inexpensively? no, they did not. breakthrough products invented by private companies. let's stick to cars since that's where we started. model t, 104 years ago the nation's first touring vehicle...
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Dec 30, 2012
12/12
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gerri: the federal government hasn't said which one to do yet. before lisa jackson left her job, here's what she had to say. >> i will read it to you, actually. we have that? gerri: tracking is perfectly capable of being queen, she says. it requires smart regulations, smart rus of the road. so it sounds like she is not outlawing it altogether. on one hand, but on the other hand, we have seen what happens to the wr on coal. if the obama administration came out all guns blazing. is that why do you think there will be a war against cracking? >> when they set their own definition of at smart regulati is, yes, they will set smart regulation at a level that makes it virtuall impossible. that is what has happened in the cocoal mines in west virginia ad kentucky, where new permits have come to a screeching halt for four years. what would happen with tracking is that when the states lose control to the federal government hey throw their hands. then you are waiting for a federal regulator i washington dc or some regional office to decide on the geology tha
gerri: the federal government hasn't said which one to do yet. before lisa jackson left her job, here's what she had to say. >> i will read it to you, actually. we have that? gerri: tracking is perfectly capable of being queen, she says. it requires smart regulations, smart rus of the road. so it sounds like she is not outlawing it altogether. on one hand, but on the other hand, we have seen what happens to the wr on coal. if the obama administration came out all guns blazing. is that why...
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Dec 27, 2012
12/12
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now you are expanding the risk of the government's books. new loans held by private investors. gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right now the mortgage interest deduction cost the government roughly $100 billion per year in revenue and getting rid of that would likely increase home values particularly in more expensive areas. gerri: rehear it would put the brakes on selling and home buying in those areas. what are the issues for you? you know all the issues and housing, what are you looking for next year? >> three things have been really important, the first is the inventories of homes for sale are down sharply. that is great news fo
now you are expanding the risk of the government's books. new loans held by private investors. gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing...
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Dec 23, 2012
12/12
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gerri: corectly, is the government doing anything to stop this? skimmer's no there are people out there right now scrubbing checks to people who are only taking their money. >> if you ever hear of these and he's certainly should contact your state attorney general. unfortunately there is a lot of bad stuff that goes on and their ability to oversee it is difficult, but they will prosecute if they find out. gerri: watch out. those are your words of wisdom. the website is called charity navigator. even if you want to research any kind of charity, the rate them and really looked at the bottom line. thank you for coming on. >> thank you so much. gerri: all right. from helping those in newtown to helping our military eurozone. i'm joined by executive vice president and chief of staff at the u.s. thank you for joining us. we wanted to a happy story in the charity area,and you are providing that tonight. i know everyone has heard of the uso, but the adult think everyone knows exactly what you do. help us understand. >> it's great to be here tonight, and t
gerri: corectly, is the government doing anything to stop this? skimmer's no there are people out there right now scrubbing checks to people who are only taking their money. >> if you ever hear of these and he's certainly should contact your state attorney general. unfortunately there is a lot of bad stuff that goes on and their ability to oversee it is difficult, but they will prosecute if they find out. gerri: watch out. those are your words of wisdom. the website is called charity...